With the distractions of the elections and Rugby World Cup behind us, New Zealanders have been turning their focus to real estate in a manner not seen in 24 months. Harcourts, New Zealand’s largest real estate group, have seen figures reflect both settled and written sales numbers for the group at two year highs. The Northern region, Christchurch and South Island provincial markets all showed significant increases in activity while the Waikato and Wellington regions continue the trend of following Auckland and Christchurch with signs of confidence returning. The Waikato did see some strong rural activity returning with a number of large sales concluded including one for in excess of $7.7 million. This does reflect the returning confidence in the rural sector and will have strong flow on effects into the rest of the economy.
Read more: http://news.harcourts.net/news/files/2011/12/MarketWatch_Dec2011_EMAIL.pdf